What fox should report diluted earning per share for incom e

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Problem 1: During all of the year just ended, Fox Co. had outstanding 100,000 shares of common stock and 10,000 shares of cumulative, 7%, $100 preferred stock. Each share of the latter is convertible into five shares of common. For the year, Fox had $320,000 income from continuing operations and a $750,000 loss from discontinued operations; no dividends were paid or declared. Assuming lower than basic earnings per share, Fox should report diluted earnings (loss) per share for income from continuing operations and for net income (loss), respectively of

Reference no: EM132955512

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